What do we call the bundle of checks and items sent to or from one financial institution?

The term "Cash Letter" refers specifically to the bundle of checks and items that are sent to or received from one financial institution. This process is a critical component of the banking system, as it facilitates the physical movement of checks and documents for processing.

In the context of finance, a Cash Letter typically includes a collection of checks, drafts, and other items that financial institutions forward to each other for clearing and settlement. Financial institutions prepare these letters in order to streamline the process of handling large volumes of checks between them, ensuring that transactions are processed efficiently and accurately.

The other options pertain to different concepts in financial management. Cash Management focuses on the strategy of managing liquid assets for optimal liquidity, while Cash Benefit and Cash Concentration/Disbursement describe other financial activities relevant to managing funds and capital movements. However, none of these terms specifically denote the bundle of checks and items exchanged between financial institutions, which is uniquely described by the term "Cash Letter."